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Search Results 0 to 49 of about 256 (some duplicates have been removed)
for the first time since 2009. so as congress agrees to delay a showdown over the debt ceiling and faces a march 1 deadline for across the board spending cuts, what to make of this darned economy, david? >> am i supposed to answer that? it is confusing. the stock market is up. employers are hiring, very slowly. the government now tells us that hey -- they hired a lot more last year than previously believed. auto seafls are up 14% from last year. housing sales are coming back. on the other hand the economy took a pause at the end of last year? unemployment is very high, 7.9%. among men between 25 and 54 one out of six is not working. so i think when you cut through all this what do you see? well, the stock market is going like this and the economy is going like this. that can't last. i can't explain the stock market except maybe there was a gigantic sigh of relief. the republicans aren't going to force the u.s. freshry due default and the europeans aren't going to blow themselves up economically. you see an economy that's growing -- slowly. growing is better than not growing. the europeans are tr
ceiling limits -- last week congress voted to temporarily suspend the limits on the debt ceiling. we will get a look at high- profile nominations. we are glad you joined us. king had that said there is always the right time to do the right thing. i try to live my life every day by doing the right thing. we know that we are only halfway to completely eliminating hunger and we have work to do. walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. pbs station from viewers like you. thank you. >> bernie sanders is the longest serving independence in congress in his third term after 16 years in the house. he is also the new chair of the veterans affairs committee. it is always good to have you on this program. thanks for your time. >> great to be with you. >> let me start with where we are now. we are caught between the president's inauguration day speech and his state of the union address. i want to cover both in just a second and so much more, but let me start with the inauguration speech. this is the first time we have gotten a chance
these grants made and then there is no follow-up. in light of what is going on in the nation, debt ceiling, in light of what is really going on here in the city and county of san francisco we need to involve the constituents, because the taxpayers that pay it, you may get the money from the state or the federal, it is the taxpayers who pay the taxes and we need to have some accountability and some transparency. i am not saying that this contractor is going to do his job i hope he does his job quarterly or twice a year or for the duration of this contract we get some reports. so that we can read and see what is happening. thank you very much. >> is there any other member in of the public that would like to make comments? seeing none public comment is close. (gavel) this is an action item. >> mr. chair? >> i know there is question about work between the mta and the transportation authority. can you talk about those issues and how they were resolved? >> both agencies have responsibility especially mta which has legislation for originating parking in public policy of the transportatio
down, not up. lori: the senate approved a house plan to approve the debt ceiling and hold off on congressional pay if they don't get a budget deal for the next ten years. you say this is more of a risk and even the fiscal cliff was. >> oh, yes. the debt ceiling is a potentially large fiscal contraction like the fiscal cliff was. even bigger, actually, if you do the math. debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, so you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best actions taken by the federal government and the worst? >> at think there were three. in net you a tie for first? >> you know how tv works. >> one was tart. very unpopular, but effective and turn a profit for the taxpayer.
threatening to vote against raising the debt ceiling. if congress didn't act by august 2, the federal government would be unable to pay its bills. >> in 2010, when all these republicans were running for congress, ma of em awed tea partiers and the rest of them riding the tea party wave, the subject of the impending debt ceiling came up frequently and virtually all of them campaigned saying... pledging not to raise the debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader, john boehner. >> obama told his staff, jo
've got the debt ceiling, so congress is still a factor here. any worries that, now that we have passed the fiscal cliff for the moment, that those two items might cause some trouble? > > absolutely. i am still worried about that. i think, longer-term, i have mentioned that there are a lot of positive things in this country that are actually occurring. energy revitalization and independence, i think that gets undersold. the fact that our labour force is now competitive. i think longer- term those are good things. my question is how quickly we get there, and there are all kinds of speed bumps before we kind of get to that end-state nirvana. and the big factor that holds the key to that is what happens in congress. > brent schutte. thanks so much. > > thank you. the big easy is working mighty hard to make a big comeback. we'll see what's new in new orleans, next. as the monday morning quarterbacking gets underway, we wanted to give special attention to the real winner of the super bowl: new orleans. joining us via skype this morning, mark romig. he's president and ceo of the new orleans t
have a lot of foreseen events that have to happen between the debt ceiling at what am i going to do with the sequester, the money the government is spending that is supposed to be cut. those at issue is going to have to face and i think much more important is the very large, long run deficit that a thing all of us want our policymakers to come together and address how we're going to do with it. i think that's unfortunate will have to be front and center in the next year coming up with that. i sure hope it is. >> let's see, i think first thing just to mind ourselves out is that the impact of it president on the short-term macro economy is almost always exaggerated. presidents can have a big impact on the economy in the medium term and long run, largely -- and while the fed has cut aid to help they can should have a much bigger short-term effect, we immediately looked to the white house and said what are you going to be about the economy right now? dr. romer and i would have to go on tv and there is points and talk about the job supports and what would happen over the course of the ne
and senate signed a bill to suspend the debt ceiling until may. that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on what the government can spend. when you reach your credit, they will give you another thousand dollars and that is new limit. what has now happened is capitol hill has suspended that limit, now you are going to american express card with no limit and you have given the president no limit until mid may? >> i don't think american express would like the comparison because it couldn't be as bad. [ laughter ] >> but they are limited by the appropriations process and house and senate under the constitution have the power of the purse. he is not supposed to spend important. having said that, you are right. it's a huge problem. we should not extend the debt limit again. what is coming up, it may be four to six months unless there are legally spending cuts. i proposed that legislation. it got a lot of votes on the floor but it's simple idea. reduction of spending for every dollar increase in debt limit and you get to balanced budget over ten year
of 2011 and the run-up to the debt ceiling, and in the run-up to the fiscal cliff, excuse me, about a month idago, this idea of $600 billion in new revenue and entitlements. specifically in advance of the fiscal cliff, the white house wanted a change to the benefits formula for social security and basically be a benefit reduction over the long term for social security beneficiaries. is this just another, you know, trip down a dead end road to you or do you think there's movement on a grand bargain in the next month or two? >> i'm glad to be back on the show to qualify "the cycle" skeet shooting tournament. >> you're in. >> check out the stance, howard. >> i want to team up with s.e. of course. >> smart move. >> i called her already. >> okay. this is the -- did you say 47,000th? >> i lost count at 12,000. i'm guessing since then. >> what is whatever you said plus one. there's practically politically speaking no way that the republicans right now are going to go along with anything like that number that you put up on the screen or, frankly, any number right this minute. their mood and
. >> congress extended the debt ceiling, that they have yet to prevent big spending cuts. >> 800,000 civilians will lose their jobs. bases will have to be closed. the grants will have to be stopped. >> that could add to the unemployment numbers announced today. we also expect to get hard figures on how many people are out of work. tracie potts from washington, back to you. >> if you have the flu, stay away from fido. how you can protect your furry friends. a traveling band with a lot of heart. heart. [ telephone rings ] good evening, this is flo. [laughs] yes, i'm that flo. aren't you sweet! licensed phone-ups available 24/7. call 1-800-progressive. >> in this afternoon's medical alert, any at owner knows if you fall ill there is nothing better than snuggling up with your pet , but flu sufferers should not get too close. >> 14 cats and one dog has been sick and or died from the h1n1 flu virus since 2006, possibly spread by humans. this dr. from organs -- oregon state university said researchers do not know for sure if the seasonal flu can be transmitted to pets. >> the strain that was transmit
debt ceiling negotiations, anything that washington does that adds to the uncertainty certainly doesn't help the economy. so i think most people would like to see these people sort of get their act together before the deadline, hopefully. >> well, in fact, senator roy blunt just blamed uncertainty. let me play that. >> uncertainty is probably even a greater problem than contraction. if we knew what the government spending was going to be with some certainty, that would be better than this constant not knowing. we're on the 60-day clock and then on the 90-day clock. we need to get on a four and five-year clock. and that's why a budget and appropriations bills will make a difference, chuck. >> what are the chances, michael, of those things happening? >> well, you know, i think a long-term solution doesn't look very practical right now. and one reason is that members of congress like mr. blunt, republicans, are -- i think that it's more important not to give more ground on taxes than it is to create certainty. so i think everyone agrees that uncertainty is a problem. i think basically ev
previously reported. the dow continues to fluctuate after hitting 14-thousand. the debt ceiling bill is now before the president after the senate passed a short-term debt limit suspension.the president is expected to sign it. what that means is the country will pay its bills and not default on its obligations thru may 18th. there's a catch to the bill. lawmakers have to pass a budget by april 15th or they won't get paid. since 2001, congress has raised the debt ceiling eleven times. the bill will increase the nation's 16-point-4 trillion dollar debt limit by about 450 billion dollars. coming up next the latest in alabma where a child hostage situation enters its fourth day. plus a student is in custody after opening fire inside a middle school in atlanta. and another cabinet member in president obama's administration announces his resignation. [ washer and dryer sounds ] for the things you can't wash, freshen them with febreze. febreze eliminates odors and leaves a light fresh scent. febreze, breathe happy. we're learning more about the alleged gunman who continues to hold a you
an extension of the debt ceiling, raised the debt ceiling for the future. and i didn't vote for that. there were no cuts included in that bill. the only cut that we have ever come up with is this 1.2 trillion, because the committee, the special select committee couldn't come up with a spending reductions, were now going to have as part as sequestration. i don't really believe in across the board cuts. i think that's irresponsible. but in the absence of cutting spending someplace to replace those 1.2 -- >> got to take it where you get it. >> it's not the only way we're going to get it. >> it's never a good time to cut spending. it's one of the things i've learned. i guess i saw it years ago when i worked down there. but reporting on this thing night after night, one of the things i learned, senator moran, is it's never a good time to cut spending. so march 1st is an interesting deadline. >> i'm not voting to set the sequester aside unless we cut the 1.2 trillion someplace else. >> good luck on that. senator jerry moran of kansas, thank you very much, sir. we appreciate it. >> thank yo
the debt ceiling doesn't kick in till august, i believe that's what we'll have, but let's add these together. let's say you're right, 30 billion. but let's -- jobs overseas, we can dial that however we want because it's all -- a huge loss of revenue, corporate jets, tehre are all kind of things that are low-hanging fruit. >> you've heard the republicans across the board here. they're saying they're done with revenues for 2013. >> george, the american people are on our side. the american people don't believe in these austere things. we believe that the rich should contribute. we believe we should fill those tax loopholes, get rid of them, i should say, and that's where we need to go. >> but that's a debate that's been had, as you know, for the last couple of months, last couple of years and doesn't appear it will get solved next month so the sequester will hit. >> george, that's what they said two or three days before the fiscal cliff. no revenue. well, we got about $700 billion in revenue. there's still more we can do. >> are you saying that for -- to lift the sequester, first
with this sequester, it was a total disaster for them. then they decide not to fight on the debt ceiling and they need to move the attention on to something else. say they do have leverage elsewhere. so they have chosen sequester and put up a very brave face on it. it's possible they could convince themselves to let it actually happen but the idea that they get some sort of significant political gain from it, these are cuts they hated and they hated in large part because they hurt things they care about. so to permit the sequester to go forward on that kind of rationale is not a political win, not a policy win. everybody is losing. >> the "new york times" op-ed says more than a million jobs are on the line if this deal isn't made. a quote saying the losses will soon spread as contracts to states and cities are cut, education and police grants are cut, and payments to medicare providers are cut, even the aid just approved to victims of hurricane sandy will fall under the sequester's act. americans are about to find out what happens when an entire political party demands deficit reduction at all costs b
these entitlements. >> first they argue the debt ceiling was their leverage. then they realize politically that was problematic for them. now that we resolved that at least for now although we still have to deal with it down the road, you've got deficit reduction that they perceived to be their leverage through shutting the government down or allowing what both republicans and democrats agree is an unacceptbly large set of spending cuts in the sequester which were designed to incentivize us to sit down. we're not going to be able to deal with this by march 2nd. let's make sure we avoid those cuts. >> absolutely. >> so here's what i think we have to look out for. i was up on the hill testifying this morning, and i'm picking up the following. i think what republicans would like to do is actually cancel the defense part of the sequestration and shift those cuts on to the non-defense side. that must be avoided. look, first of all in my view all these cuts ought to be avoided the way the president was talking about today. but what i just described absolutely must be avoided because it puts all
: looking today at the debt ceiling question. do you think that's more severe and more threatening than any sequestering? >> by far. by far. the sequester, if it happens on march 1, is going to cut government spending immediately by about 85 billion. that's about 6 or 7 tenths of a percent of g.d.p. and over ten years 1.2 trillion. if we bump into the national debt ceiling and by the way the good news is the republicans are talking more and more like this is not going to happen. but if we do, we have to go to a balance budget in a minute. can't borrow anymore. we've got a deficit that's, let's just call it morning friends a trillion. the c.b.o. estimate was a little bit below finally. but around the neighborhood of a trillion. that's 12 times 85. on top of that, you will... you have t danger of kicking off a worldwide financial panic as people start worrying about, well, is the united states going to default on its debt? if it comes down to paying social security payments or the interest on the debt, are we so sure that america will cut the social security payments and pay the interest on t
part of the year. we won't have to worry about the debt ceiling for a few months. the senate approved a bill yesterday for a short-term suspension of the debt limit until may 19th, easing fears of a government default. the president is expected to sign it soon. the bill also includes an incentive for lawmakers to create a budget by april 15th - or go without pay. mortgage rates are on the rise. according to freddie mac, 30- year rates surpassed 3.5% for the first time in nearly four months. the average 30-year fixed rose to 3.53%, up from 3.42% last week. the 15-year fixed jumped to 2.81% from 2.71%. the company allegedly behind robo signing mortgages is paying a $120-million settlement. 46 states will recieve a share of the payout. the company, lender processing services, is accused of wrongfully foreclosing on homes when people should have been allowed to stay. the company is accused of using robo-signing to automatically sign documents without proper review. shares of lender processing services rallied yesterday. walmart is putting limits on ammunition sales. the world's largest gu
indicators in terms of what the economy is doing. that debt ceiling vote the senate has approve it, the house already did so we can borrow morgan to pay our bills through may. congress at that point will have to deal with it again. richard? >> tracie potts in washington. thank you. new yorkers are waking up to the news of the passing of an icon, one of the city's and nation's most outspoken and popular politicians, ed koch has died of congestive heart failure. he served in world war ii and later was elected to three terms as mayor of new york city. ed koch dead at the age of 88. dramatic and contention day of testimony for senator charlie hagel. >> reporter: john mccain seized on hagel's opposition to the surge in iraq. >> the question is, are we right or wrong? that's a pretty straightforward question. >> well, i'm not going to give you a yes or no answer. >> reporter: over his 2008 comments related to israel that a quote jewish lobby intimidate a lot of people in congress. >> name one person in your opinion who is intimidated by the israeli lobby in the united states senate. >> well, first
on in the present debt ceiling controversy in washington. >> my favorite book just recently, and i tell you it is $9.95 on amazon, is president kennedy's book called "nation of immigrants." it was written in the early 1960's. it will take you a couple of hours to read it again. it is a fabulous book and makes you realize that nothing has changed in the last 50 years. he talks about why we are a nation of immigrants and why that has been the strength of america. so, yes, we are all a nation of immigrants. we should remember that in these debates. but florida has an interesting process, something the all states should adopt, but every 20 years, a group of 30 citizens are awarded by the governor, the speaker of the house, the senate, supreme court, to rewrite florida's constitution, every line of it. it does not go to the legislature. all those pesky lobbyists out there do not get a chance to lobby one way or the other. goes right to the citizens of the state. took us two years to do that. we look at these issues. in florida's constitution, a quality education is now in the florida constitution. i do b
the fiscal cliff crisis and then the debt ceiling drama. now president obama is calling on congress to get past the next term we all need to turn, the sequester. big, across-the-board spending cuts that are due to take effect the 1st of march. the president called today for a limited package of spending cuts and tax reforms to avoid the deadline. republican speaker of the house john boehner rejected that, saying republicans want a bigger agreement on a long-term deficit reduction plan. the white house also announced today president obama will be going to israel this spring for the first time since taking office. israeli media say he's due to arrive march 20th, though the white house would not confirm any of the travel dates. >>> we are learning much more tonight about the breaking story we brought you here last night. the dramatic rescue of a 5-year-old boy after a standoff in alabama that lasted almost a week. nbc's gabe gutierrez is with us tonight from midland city, alabama. gabe, good evening. >> reporter: brian, good evening. today ethan's mother broke her silence. in a written statem
's $16.4 trillion debt ceiling until the middle of may. that bill also requires members of the house and senate to pass a budget by mid-april or have their pay withheld. >>> well, it didn't take long for the dow to fall under 14,000, which it hit on friday. stocks taking their biggest dive of the year yesterday on worries about european issues. the dow lost 129 points and the nasdaq was down 48. >>> u.s. government is suing credit rating agency standard & poor's. the justice department says the company gave high ratings to risky mortgage bonds and those bonds then plunged in value and contributed to the 2008 financial crisis. s&p denies any wrongdoing and says the lawsuit is without merit. the government is reportedly seeking penalties of more than $1 billion. >>> and if you are the average american, about 4% of your weekly paycheck is going into your gas tank. a new government report finds that u.s. households spent an average of $2,912 on gasoline last year. we are using less gas because vehicles are more fuel- efficient but we're paying a lot mo
off the debt ceiling fight they'd be able to take control of this issue. >> let's play what mitch mcconnell said just yesterday slamming the democrats for floating new revenue proposals. >> this is just another opportunity to trot out the democrat focus group approved policy stunt. if this is another fake fight designed by the white house to push us to the brink, then republicans are really not interested in playing along. >> molly, another fake fight. as it was described by mitch mcconnell there. but we know when you look at polling and watched since the end of the year, the polls show it's republicans who come up short where people believe they're presenting the fake fight, at least some of the polling. >> well, it is interesting to hear mcconnell describe it as focus group approved. they believe public opinion on their side and if there is what is viewed as gridlock and dysfunction in washington, republicans are blamed by that. i think the white house concluded, looking back on the last four years, that every time republican sort of faint and clutch their pearls about my gosh, he'
. >>> say farewell to the old fiscal cliff and debt ceiling and get used to this word. sequester. it hit in march if congress doesn't act. if you lost track of the debt ceiling and budget battles t came out of the debt limit deal. it was the white house's idea to hold washington's feet to the fire. the cuts were never supposed to happen. the committee that replaced them failed and at the start of the ewe near, the deal triggered even further until march 1st. we are faced with the looming cuts a few weeks away that boiled down to $85 billion that will be slashed by this fall if nothing happens. the focus has been on the cuts and the entire $1.2 trillion will be a 50-50 defense between defense and spending. to put us into perspective is the center for social inclusion. the sequester was designed to be something that would never happen. prot expect would scare washington into coming out with something else. there sounds out of washington, particularly from republicans that they might be okay with nothing happening and sequester being triggered. half is defense and half non-domestic discreti
, guns, his approach to the fiscal cliff, his approach to the debt ceiling. everyinning tonally is this is -- it's not my way or the highway, but it's much more my way than, hey, let's meet in the middle. it's sort of like i won, deal with this reality, and let's move forward. we'll see. it's actually worked pretty good effect thus far on things like the fiscal cliff and debt ceiling. republicans will try to draw a line somewhere. i'm not sure why yet. >> they thought they could draw it on national security with chuck hagel, and we've seen in the last 48 hours the president picked up the phone and he cauldron widen. he hasn't called too many senators too often, even in his own party. he cauldron widen because they had a real obstacle, and he knew that his cia nominee, his close friend, someone he is really eager to have confirmed john brennan, was in trouble going to that hearing. now not so much trouble. >> not so much trouble. these hearings are always as much about the -- using the moment as a lever to dislodge things that congress wants as they are about the nominee himself.
amini fiscal cliff but this morning, there is a resolution in the debt ceiling debate, at least for now. we'll have the details coming up next. >>> d.c. is a town known for its d.c. formalities and fancy culture but it has always had an impressive music scene too. we'll show you how an impressive piece of it is being honored. [ male annncer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. >>> the senate has approveda bill to temporarily let the government keep borrowing money. the bill postponed the debt ceiling debate until the middle of may. it is call the no budget no pay bill that requires lawmakers to pass a budget or their paychecks will be withheld. the white house says president obama will immediately sign
Search Results 0 to 49 of about 256 (some duplicates have been removed)